The Hindu Business Line : Tuesday, February 18, 2003

Rs 7,200-cr investment in power sector in five years — AP to focus on balanced development, says Barnala
EMPHASISING the need for sustained funding of the power sector, which would involve an investment of Rs 7,200 crore over five years, the Andhra Pradesh Government has planned a balanced development of the State with special focus on backward ... More

ECONOMY

Govt has coherent strategy to boost growth, says Kalam
At a joint sitting of both Houses of Parliament on the first day of the Budget session, Dr. Kalam said the Tenth Plan had deepened the domain of economic reforms by providing reforms-linked incentives to State Governments. More

FOREIGN TRADE

Poland spots avenues for co-operation
IN a bid to strengthen Indo-Polish economic cooperation, Poland on Monday offered to participate in the development of India's economy and offered its products. The offer was made by the visiting Polish Prime Minister, Mr Leszek Miller. ... More

Luxembourg keen to expand ties in steel sector
INDIA and Luxembourg have decided to expand mutual business relations in the steel sector and strengthen their long-standing ties. The Minister for Economic Affairs of Luxembourg, Mr Henri Grethen, today met the Minister for Steel, Mr Braja ... More

`Pvt investments crucial to boost ties with Finland'
THE Government can only be a facilitator and it is the private sector, which has to drive investments for bolstering India-Finland trade relations to new heights. Participating in an interactive session organised by The Bengal Chamber of ... More

PLASTICS

`Recovery, recycle, reuse' is plastic sector's mantra
Plastics are used in medical kits to benches, doors, food-packaging, pipes, computer and telecom items etc. Mr K.G. Ramanathan propounds the principle of "recovery, recycle and reuse". More

POWER

Tanir Bhavi takes escrow route to get KPTCL dues
One of the major reasons for the delay in the escrow curing is that the State utility is faced with a major revenue shortfall in view of the power shortage. More

TAXATION

`VAT would benefit States, corporates'
`To the State governments, VAT means additional revenues, because more transactions would come under the tax net.' More

TYRES

Truck and bus tyre production rebounds in Dec
TRUCK and bus tyre production staged a comeback in the December 2002 to touch 8.70 lakh tyres, the best production performance so far in the current fiscal year 2002-03. The production performance in this category stood at 6.79 lakh tyres in ... More

WATER

Water woes leave consumers happy, industry smarting
CONSUMERS can take heart that the big daddies of the bottled water industry are reaching out to allay their fears by producing reports to endorse the quality of their water. What's more, a price increase may not be on the cards even as the ... More

MANAGEMENT

`Western cos will have no choice but to outsource'
IN the last three years, the amount of interest shown by American companies to outsource production from India has increased phenomenally, Mr Suresh Krishna, Chairman and Managing Director of Sundram Fasteners and Chairman of TPM Club of the ... More

EDUCATION

National test for B-schools on cards
A NATIONAL Testing Agency (NTA) for admissions to various management schools in the country is on the anvil. The Human Resources Development (HRD) Ministry has put forth the need for an NTA, on the lines of the GMAT in a couple of years. The ... More

HANDLOOM

`Handloom proposals for Rs 12 cr sent to Centre'
THE State Government has submitted handloom project proposals worth Rs 12.32 crore to the Centre, according to the Director of Handloom and Textiles. The Director's statement comes in the wake of recent utterances by the Union Minister for ... More

TEXTILE MACHINERY

Used projectile looms import under TUF scheme unlikely
THE Ministry of Textiles will not accede to the demands of the powerloom weavers to allow imported second hand projectile looms to be covered under the technology upgradation fund (TUF) scheme. Though there had been demand from the powerloom ... More

FOREIGN DIRECT INVESTMENT

FICCI targets $5-b FDI from Indian diaspora
THE Federation of Indian Chamber of Commerce and Industries (FICCI) has initiated an action plan to bring about a ten-fold increase in foreign direct investment (FDI) inflow to $5 billion by 2008. To achieve this objective, FICCI has launched ... More

ENTREPRENEURSHIP

An entrepreneur's spicy recipe for success
It was the time when the people in Spices Board and the Union Commerce Ministry were emphasising the need to export value-added spices. Mr Jacob seized the opportunity and he hasn't looked back since then. More

INCOME TAX

`Tax sops for residential rentals can boost real estate sector'
"Tax rebates for rental housing will benefit the economy and the industry. Rental housing is suffering as the incentives are more attractive for acquiring property rather than renting it out," said Col. Prithvinath. More

EXPORTS & IMPORTS

Euro is better bet for exporters
CURRENCY watchers advocate more Indian exporters to invoice in the appreciating euro, the common currency of 12 nations of the European Union. The common conviction among forex dealers is that the currency is certainly on an ascent and would ... More

TOURISM

Kerala Tourism Dept mulls MICE offensive
THE State Tourism Department will shortly launch an integrated communication campaign intended to position the State as a MICE (meetings, incentives, conventions and exhibitions) destination. Disclosing this to Business Line, the ... More

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